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In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
The industry rank for Siward Crystal Technology Co's Net-Net Working Capital or its related term are showing as below:
TPE:2484's Price-to-Net-Net-Working-Capital is ranked better than 54.38% of 1131
companies
in the Hardware industry
Industry Median: 9.07
vs TPE:2484: 8.08
Siward Crystal Technology Co (TPE:2484) Net-Net Working Capital Explanation
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
Siward Crystal Technology Co Net-Net Working Capital Related Terms
Siward Crystal Technology Co Net-Net Working Capital Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Siward Crystal Technology Co Net-Net Working Capital Chart
TPE:2484 vs APH, GLW, TEL: Net-Net Working Capital Comparison
For the Electronic Components subindustry, Siward Crystal Technology Co's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Siward Crystal Technology Co Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Siward Crystal Technology Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Siward Crystal Technology Co's Price-to-Net-Net-Working-Capital falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of NT$9.42 mean?
Siward Crystal Technology Co (TPE:2484) has a Net-Net Working Capital of NT$9.42 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Siward Crystal Technology Co According to the industry distribution chart, Siward Crystal Technology Co ranks #516 out of 1131 companies in the Hardware industry, placing it in the top 45.6%.
Is Siward Crystal Technology Co's Net-Net Working Capital too high?
Siward Crystal Technology Co's current Net-Net Working Capital is NT$9.42. Based on the distribution chart, Siward Crystal Technology Co ranks #516 out of 1131 companies in the Hardware industry, which is above the industry midpoint. Overall, Siward Crystal Technology Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Siward Crystal Technology Co's Net-Net Working Capital compare to APH and GLW?
According to the Hardware industry distribution chart, Siward Crystal Technology Co ranks #516 out of 1131 companies for Net-Net Working Capital. This puts Siward Crystal Technology Co in the upper half of its industry. The industry median Net-Net Working Capital is 9.07. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Hardware company?
The median Net-Net Working Capital among Hardware companies is 9.07, based on 1,131 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Siward Crystal Technology Co For the Hardware industry, the median Net-Net Working Capital is 9.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siward Crystal Technology Co's current Net-Net Working Capital is NT$9.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siward Crystal Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Siward Crystal Technology Co (TPE:2484) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$29.08, compared to a current price of NT$76.10 — trading 161.7% above its estimated fair value. The current Net-Net Working Capital is NT$9.42. Siward Crystal Technology Co's overall GF Score™ is 60/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For Siward Crystal Technology Co (TPE:2484), the current Net-Net Working Capital is NT$9.42 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Siward Crystal Technology Co (TPE:2484) Overvalued in 2026?
Based on GuruFocus' analysis, Siward Crystal Technology Co stock appears to be overvalued.
The current stock price of NT$76.10 is trading 161.7% above its estimated GF Value™ of NT$29.08.
GuruFocus considers Siward Crystal Technology Co to be Significantly Overvalued.
Key valuation signals for TPE:2484:
Net-Net Working Capital: NT$9.42
GF Value™: NT$29.08 vs. price of NT$76.10 (161.7% above fair value)
No single metric tells the full story. See the TPE:2484 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siward Crystal Technology Co Ltd operates as a manufacturer in the crystals and oscillators industry. It is engaged in the research and development, design, production, and sales of quartz frequency control components. The company's product line includes artificial crystals, quartz chips, SAW WAFER, as well as quartz crystals, crystal oscillators, crystal filters, temperature compensation, and voltage control products etc., with a sound supply chain system to provide customers with a full range of services. The company's reportable segments include Siward Taiwan, Siward Japan, Apex Optech Corporation, and others. It generates maximum revenue from the Siward Taiwan segment.
60GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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